XRP and why I am bullish.
1. Forming bullish wedge.
2. Look for break through of bearish channel with a bounce off of 200 EMA on 4 hour chart.
3. Fib resistance at .786, but support at half (.382)
4. Expect volume spike.
5. Increased market sentiment
6. Big names entering XRP
7. SEC does not seem to be gaining any steam with lawsuit.
8. Consider buying at 1.3 or between .382 and .5 on Fib Retracement
9. Consider shorting if breaks down out of bullish wedge and continues down bearish channel.
NOT INVESTING ADVICE
CHRISTIAN DYOR DYOR
:D
1. Forming bullish wedge.
2. Look for break through of bearish channel with a bounce off of 200 EMA on 4 hour chart.
3. Fib resistance at .786, but support at half (.382)
4. Expect volume spike.
5. Increased market sentiment
6. Big names entering XRP
7. SEC does not seem to be gaining any steam with lawsuit.
8. Consider buying at 1.3 or between .382 and .5 on Fib Retracement
9. Consider shorting if breaks down out of bullish wedge and continues down bearish channel.
NOT INVESTING ADVICE
CHRISTIAN DYOR DYOR
:D
Comment:
4. *above
1. Broke through bearish channel and tested top of bullish wedge.
2. Hit resistance and returned into bearish channel only to find support on 200 EMA causing it to break through bearish channel once again.
3. Possibly only a couple more opportunities to buy below $1.4 ($1.3-$1.4)
4. Would like to see it stay about bearish channel, and within bullish wedge before accelerating out of wedge and surpassing previous ATH.